When this program first came out, California was held to 90% loan to value if you wanted to skip having to have impounds for taxes and insurance when closing your loan.  We now have a lender who will (on conventional loans only) take that offer to 95% loan to value!  This can save thousands at…

Take advantage of just a 3% down payment with no mortgage insurance for purchase of your owner occupied home!  If refinancing, rate and term will go to 97% loan to value as well!  In some cases, you’ll receive your cost of the appraisal back, up to $525.00!!!  Call Michael Mitchell today for more information! 530-406-2200,…

You can now purchase new or refinance your existing mortgage up to 90% loan to value in the State of California!  This applies to conventional loans only.  This will save you on recurring closing costs at time of recording. Keep more money in your pocket and pay your taxes and insurance yourself instead of being…

Pre-approval!!!  Unless you have cash, this is the strongest method you can put in your realtor’s hand to show you are ready willing and most importantly CAPABLE, of purchasing the home they are showing you.  The first question you will receive from a realtor is, “Are you pre-approved (some will only ask for pre-qualification), and…

The yield curve is probably not discussed in your everyday conversation…but in the mortgage industry…it is a big deal! In normal financial markets, the rate for a 5, 7, 10, 15, 20 and 25 fixed mortgages, should be lower than the 30 year fixed. However, the industry has seen a flattening of the yield curve…

Unrest in financial markets (such as we are going through now with Amazon and Tariffs), usually means interest rates are kept in check because more U.S. Treasury bonds are purchased by large investors as a way to ride out the storm. That means right now is a good time to purchase or refinance. Call Mitchell…

Unusual day for mortgage interest rates today…no change! It appears the possibility of a trade war has investors somewhat stymied on what to do next. Good time to take advantage of rates now. Give me a call and we will see if it makes sense for you!